FedEx (FDX) Stock Surges 3% Following Double Upgrade and Pilot Contract Approval
The post FedEx (FDX) Stock Surges 3% Following Double Upgrade and Pilot Contract Approval appeared on BitcoinEthereumNews.com. Key Takeaways FedEx shares advanced 3.3% to reach $319.90 during Wednesday’s mid-day session Barclays assigned a Buy rating while Stephens reinstated coverage with an Overweight recommendation and $380 target Approximately 5,000 FedEx pilots approved a new collective bargaining contract, eliminating a significant operational concern Stephens elevated FedEx Freight to Strong-Buy following the completion of its June 1 separation The logistics giant projects 20% adjusted earnings per share expansion through year-end Shares of FedEx (FDX) climbed 3.3% to $319.90 during Wednesday’s trading session, propelled by encouraging analyst commentary and the resolution of a labor situation. FedEx Corporation, FDX Before market open, Barclays initiated a Buy recommendation on FDX. Shortly after, Stephens reestablished coverage with an Overweight stance and set a price objecti